You can’t ditch it
When an investment you bought needs to be held for a significant period of time before reselling it, it’s time to ask yourself some questions.
For instance, for variable annuities, an investor needs to wait a certain amount of time, also known as the surrender period, before being able to withdraw funds without facing a penalty. During this time, you might have to pay 5 to 9 percent fees for selling. We’re not saying variable annuities do not have their own benefits but make sure you also search for better options with easier access to your funds.
Read also: 17 Things Frugal People Never Spend Their Money On
